Bitcoin update 06.10

in #cryptocurrency • 6 years ago (edited)

BTC fell from bullish channel and currently is at strong support line.
On 4h chart BTC has very low RSI and its very possible that it will have a bounce here (low RSI, strong support line).

BTC2.jpg

Similiar situation was in April (BTC checked that line 4 times). As long as BTC wont fall below that green support line it's not that big of a deal.

BTC3.jpg

In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles.

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#bitcoin #crypto #btcusd #money
6 years ago in #cryptocurrency by
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